So Money with Farnoosh Torabi cover image

1302: Ask Farnoosh: Wise to transfer credit card debt to a personal loan?

So Money with Farnoosh Torabi

00:00

Do You Have a Good Credit Score?

i got overloaded on the credit cards. As i've paid them off, i have cancelled them, and now i only have two cards. I took the balance on one, which had an a p r of almost 26 %, and i moved it to a personal loan, which has an interest rate of just 12%. Now i'm wondering if i did the right thing by opening a personal loan. Did i do the right thing? So i actually responded to sharon via text as soon as i got this question. And i said, short answer, you're fine, but listen to friday show and i'll elaborate.

Play episode from 17:40
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app